8,701 Shares in Lennar Co. (NYSE:LEN) Acquired by Headlands Technologies LLC

Headlands Technologies LLC purchased a new stake in Lennar Co. (NYSE:LEN) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,701 shares of the construction company’s stock, valued at approximately $1,187,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Armstrong Advisory Group Inc. grew its position in Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after buying an additional 75 shares in the last quarter. Wolff Wiese Magana LLC grew its stake in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company’s stock valued at $32,000 after purchasing an additional 79 shares during the period. Howard Capital Management Inc. lifted its position in shares of Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company’s stock worth $3,932,000 after buying an additional 81 shares during the period. Premier Path Wealth Partners LLC boosted its stake in Lennar by 2.1% in the 4th quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company’s stock valued at $584,000 after buying an additional 87 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Lennar by 1.7% during the third quarter. Coldstream Capital Management Inc. now owns 5,546 shares of the construction company’s stock worth $1,036,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LEN. JPMorgan Chase & Co. lowered their target price on shares of Lennar from $192.00 to $173.00 and set a “neutral” rating on the stock in a report on Friday, December 13th. Seaport Res Ptn upgraded shares of Lennar from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 6th. Citigroup dropped their price target on Lennar from $196.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Barclays reduced their price objective on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 24th. Finally, Evercore ISI reaffirmed an “in-line” rating and issued a $131.00 price target (down from $159.00) on shares of Lennar in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lennar currently has a consensus rating of “Hold” and an average target price of $151.07.

Lennar Trading Down 0.4 %

NYSE LEN opened at $114.37 on Wednesday. Lennar Co. has a 12 month low of $111.26 and a 12 month high of $187.61. The stock has a 50-day simple moving average of $123.14 and a 200 day simple moving average of $149.97. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $30.37 billion, a PE ratio of 7.98, a P/E/G ratio of 1.24 and a beta of 1.69.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion during the quarter, compared to analyst estimates of $7.44 billion. During the same quarter in the previous year, the business earned $2.57 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Lennar Co. will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th were given a $0.50 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $2.00 annualized dividend and a yield of 1.75%. Lennar’s dividend payout ratio is currently 14.57%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.